creative finance: THE EASY WAY TO GET LOW DOWN, LOW INTEREST LOANS!--Part 3
- 05/16/11 11:46 AM
In Part 1 of The Easy Way to Get Low Down, Low Interest Loans, I explained that there are many homes today that have little or no equity that are subject to low interest loans that can be assumed, and offered the opinion that the risk of a Lender invoking the “Due on Sale” clause is very low. In Part 2, I discussed the use of “0 Balance Wrap Arounds” to reduce risk to Sellers and provided a link to a full disclosure form to reduce risk to Real Estate Licensees. In this part, I will discuss why it may make … (1 comments)
creative finance: THE EASY WAY TO GET LOW DOWN, LOW INTEREST LOANS!--Part 2
- 05/07/11 05:15 AM
In Part 1 of The Easy Way to Get Low Down, Low Interest Loans, I explained that there are many homes today that have little equity that are subject to low interest loans that can be assumed. Even though these loans will almost always have a “Due on Sale” clause, the risk of a Lender invoking that clause today is extremely low. If the Seller’s equity is small (say 10% or less of the sales price) the simple way to structure such a sale is to have the Buyer pay cash (or exchange something) for the Seller’s equity and just assume … (1 comments)
creative finance: THE EASY WAY TO GET LOW DOWN, LOW INTEREST LOANS!--Part 1
- 05/03/11 06:20 AM
You may be surprised to learn that the Easy Way to Get Low Down, Low Interest Loans is not some new government subsidized program. In fact, there is nothing new about this time proven technique which was a major source of financing during the high interest rate era of the late 70s and early 80s. The Easy Way to Get Low Down, Low Interest Loans is to simply assume an existing loan that was made in the last several years! Throughout the United States today, there are millions of properties that have little or no equity (thus the opportunity for low … (1 comments)
creative finance: STRAWBERRIES AT ONLY 5 CENTS A QUART!
- 04/28/11 07:18 AM
Wouldn’t you love to buy fresh strawberries at only 5 cents a quart? Who wouldn’t? But of course you can’t. In fact, you couldn’t even buy them at that price during World War II, when 5 cents a quart was the official price controlled by the government. And of course, that is the point, and is why Nobel Prize economist, Milton Friedman, liked to use this example to show why free market pricing is better than government control. He would observe that it is far better for something to be expensive and obtainable, than for it to be cheap and unavailable. … (0 comments)
In the beginning there was land, and eventually man evolved (or was created, depending upon your philosophy). In any event, in the early prehistoric days, humans roamed the land searching for food and shelter without any elements of ownership. Eventually groups settled into certain productive areas and began defending them against outsiders, thus creating the first elements of ownership and private property rights.
I don’t think anyone knows (or at least, I don’t) where the concept of private property ownership began, but the best evidence suggests it may have been … (2 comments)
creative finance: LEARN CREATIVE REAL ESTATE
- 01/23/11 09:29 AM
I am often asked, "WHY LEARN CREATIVE REAL ESTATE?". My answer is, "not everyone should-in fact, there are six good reasons NOT to Learn Creative Real Estate". These reasons are: You have sold every listing that you have ever taken. You have never had a transaction "DFT" because the Lender didn't like the property. You have never had a transaction "DFT" because the Buyer didn't meet the Lender's credit standards. You have never had a Seller of an "un-financeable property" say they would only sell for cash. You have never had a Seller reject an offer using "Seller Financing" because the down … (3 comments)
In Part 1 of The Easy Way to Get Low Down, Low Interest Loans, I explained that there are many homes today that have little or no equity that are subject to low interest loans that can be assumed, and offered the opinion that the risk of a Lender invoking the “Due on Sale” clause is very low. In Part 2, I discussed the use of “0 Balance Wrap Arounds” to reduce risk to Sellers and provided a link to a full disclosure form to reduce risk to Real Estate Licensees. In this part, I will discuss why it may make … (1 comments)
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